SOUTHERN FIRST BANCSHARES

Ticker: SFST CUSIP: 842873101 Class: Common Stock

BASSWOOD CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001085393)

Note: Option positions (PUT/CALL) are excluded.

Q2 2019

Shares 23,000 Value ($000) $901 Avg Close $36.22 Range $33.65 - $39.31

Q1 2019

Shares 23,000 Value ($000) $779 Avg Close $35.68 Range $30.86 - $39.40

Q4 2018

Shares 42,579 Value ($000) $1,366 Avg Close $35.80 Range $27.33 - $40.13

Q3 2018

Shares 23,000 Value ($000) $904 Avg Close $43.10 Range $38.25 - $47.20

Q2 2018

Shares 62,471 Value ($000) $2,761 Avg Close $46.49 Range $43.85 - $48.75

Q1 2018

Shares 129,353 Value ($000) $5,756 Avg Close $43.80 Range $40.05 - $46.70

Q4 2017

Shares 23,000 Value ($000) $949 Avg Close $39.74 Range $36.00 - $43.20

Q3 2017

Shares 23,000 Value ($000) $836 Avg Close $36.12 Range $33.25 - $37.70

Q2 2017

Shares 23,000 Value ($000) $852 Avg Close $34.34 Range $31.50 - $37.50

Q1 2017

Shares 23,000 Value ($000) $751 Avg Close $34.16 Range $31.40 - $38.55

Q4 2016

Shares 81,017 Value ($000) $2,917 Avg Close $30.13 Range $25.47 - $36.85

Q3 2016

Shares 81,017 Value ($000) $2,234 Avg Close $27.51 Range $24.00 - $31.11

Q2 2016

Shares 82,514 Value ($000) $1,989 Avg Close $24.98 Range $22.30 - $25.98

Q1 2016

Shares 236,151 Value ($000) $5,764 Avg Close $23.32 Range $21.30 - $25.95

Q4 2015

Shares 237,360 Value ($000) $5,388 Avg Close $21.55 Range $19.28 - $22.98

Q3 2015

Shares 204,146 Value ($000) $4,183 Avg Close $19.93 Range $17.60 - $21.22

Q2 2015

Shares 196,314 Value ($000) $3,514 Avg Close $17.64 Range $16.90 - $18.35

Q1 2015

Shares 197,417 Value ($000) $3,356 Avg Close $17.16 Range $15.78 - $18.60

Q4 2014

Shares 178,940 Value ($000) $3,046 Avg Close $15.40 Range $13.80 - $17.99

Q3 2014

Shares 26,659 Value ($000) $371 Avg Close $13.92 Range $13.50 - $14.25

Q2 2014

Shares 26,659 Value ($000) $359 Avg Close $13.53 Range $13.02 - $14.29

Q1 2014

Shares 24,253 Value ($000) $336 Avg Close $13.47 Range $12.92 - $13.95

Q4 2013

Shares 24,253 Value ($000) $322 Avg Close $13.24 Range $12.81 - $13.98

Q3 2013

Shares 79,061 Value ($000) $1,044 Avg Close $12.79 Range $10.80 - $13.75

Q2 2013

Shares 69,005 Value ($000) $758 Avg Close $10.90 Range $10.28 - $11.40

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	23,000	$901	$36.22	$33.65 - $39.31
Q1 2019	23,000	$779	$35.68	$30.86 - $39.40
Q4 2018	42,579	$1,366	$35.80	$27.33 - $40.13
Q3 2018	23,000	$904	$43.10	$38.25 - $47.20
Q2 2018	62,471	$2,761	$46.49	$43.85 - $48.75
Q1 2018	129,353	$5,756	$43.80	$40.05 - $46.70
Q4 2017	23,000	$949	$39.74	$36.00 - $43.20
Q3 2017	23,000	$836	$36.12	$33.25 - $37.70
Q2 2017	23,000	$852	$34.34	$31.50 - $37.50
Q1 2017	23,000	$751	$34.16	$31.40 - $38.55
Q4 2016	81,017	$2,917	$30.13	$25.47 - $36.85
Q3 2016	81,017	$2,234	$27.51	$24.00 - $31.11
Q2 2016	82,514	$1,989	$24.98	$22.30 - $25.98
Q1 2016	236,151	$5,764	$23.32	$21.30 - $25.95
Q4 2015	237,360	$5,388	$21.55	$19.28 - $22.98
Q3 2015	204,146	$4,183	$19.93	$17.60 - $21.22
Q2 2015	196,314	$3,514	$17.64	$16.90 - $18.35
Q1 2015	197,417	$3,356	$17.16	$15.78 - $18.60
Q4 2014	178,940	$3,046	$15.40	$13.80 - $17.99
Q3 2014	26,659	$371	$13.92	$13.50 - $14.25
Q2 2014	26,659	$359	$13.53	$13.02 - $14.29
Q1 2014	24,253	$336	$13.47	$12.92 - $13.95
Q4 2013	24,253	$322	$13.24	$12.81 - $13.98
Q3 2013	79,061	$1,044	$12.79	$10.80 - $13.75
Q2 2013	69,005	$758	$10.90	$10.28 - $11.40